Warsaw Federal Savings And Loan Association Mortgage Rates, Fees & Info

Cincinnati, OH

LEI: 549300LUF8JLB9HKT321

Tax ID: 31-0481480

5 stars - Updated: 10/13/24 - out of 5 stars, based on 19 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Warsaw Federal Savings And Loan Association is a smaller mortgage company specializing in Home Purchase loans. Warsaw Federal Savings And Loan Association has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Cincinnati, Baltimore, Dayton, Indianapolis, and Cleveland among others. We have data for 49 markets. (Some data included below & more in-depth data is available with an active subscription.)

Warsaw Federal Savings And Loan Association has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Warsaw Federal Savings And Loan Association is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.26% 10/13/24
30 Year Conventional Refi 6.11% 10/13/24
30 Year Cash-out Refi 6.77% 10/13/24
30 Year FHA Purchase 7.49% 10/13/24
30 Year VA Purchase 5.97% 10/13/24
15 Year Conventional Purchase 6.08% 10/13/24
15 Year Conventional Refi 5.84% 10/13/24
15 Year Cash-out Refi 5.84% 10/13/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Warsaw Federal Savings And Loan Association Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Warsaw Federal Savings And Loan Association. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

349

Origination Dollar Volume (All Markets)

$98,375,000

Awards

Warsaw Federal Savings and Loan Association 30 Year Conventional Loans bronze
Show all (1) awards

Relative Rate

Warsaw Federal Savings And Loan Association's average 30 year fixed mortgage rate was 6.69%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.21%.

Relative Fees (Closing Costs)

Warsaw Federal Savings And Loan Association's average total fees/closing costs for a 30 year fixed rate mortgage were $4,856.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

Top Markets

Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

Market Originations Total Value Average Loan Average Fees Average Rate
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 209 $63,315,000 $302,943 $4,476 6.63%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 24 $4,110,000 $171,250 $5,909 6.81%
DAYTON-KETTERING, OH (FHA|USDA|VA) 14 $3,680,000 $262,857 $4,034 6.66%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 9 $2,685,000 $298,333 $3,816 7.11%
Outside of Metro Areas 6 $2,090,000 $348,333 $4,824 6.83%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 9 $1,305,000 $145,000 $4,893 6.55%
OCALA, FL (FHA|USDA|VA) 6 $1,260,000 $210,000 $7,961 6.76%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 2 $1,200,000 $600,000 $7,052 6.61%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 4 $1,120,000 $280,000 $4,559 6.87%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 4 $1,060,000 $265,000 $8,066 6.37%
BLOOMINGTON, IN (FHA|USDA|VA) 2 $1,030,000 $515,000 $5,071 6.53%
NILES, MI (FHA|USDA|VA) 1 $965,000 $965,000 $7,279 7.95%
COLUMBUS, OH (FHA|USDA|VA) 2 $890,000 $445,000 $3,857 6.70%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $810,000 $405,000 $3,957 6.74%
WILMINGTON, NC (FHA|USDA|VA) 1 $755,000 $755,000 $4,293 7.60%
HATTIESBURG, MS (FHA|USDA|VA) 1 $725,000 $725,000 $2,839 7.50%
OKLAHOMA CITY, OK (FHA|USDA|VA) 4 $720,000 $180,000 $5,031 6.41%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $715,000 $715,000 $3,723 6.33%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 3 $715,000 $238,333 $10,488 6.39%
ANN ARBOR, MI (FHA|USDA|VA) 1 $555,000 $555,000 $3,985 5.50%
PUNTA GORDA, FL (FHA|USDA|VA) 2 $550,000 $275,000 $6,197 7.21%
HUNTSVILLE, AL (FHA|USDA|VA) 3 $525,000 $175,000 $5,466 6.62%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 1 $505,000 $505,000 $8,436 8.35%
New Castle, IN (FHA|USDA|VA) 2 $500,000 $250,000 $4,938 6.66%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $485,000 $485,000 $5,498 7.28%
Albemarle, NC (FHA|USDA|VA) 2 $450,000 $225,000 $7,416 6.24%
LOUISVILLE, KY (FHA|USDA|VA) 3 $435,000 $145,000 $4,630 6.08%
KNOXVILLE, TN (FHA|USDA|VA) 1 $405,000 $405,000 $3,844 6.75%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 4 $370,000 $92,500 $4,650 6.92%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $345,000 $345,000 $6,868 7.88%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $345,000 $345,000 $4,021 7.35%
PANAMA CITY, FL (FHA|USDA|VA) 1 $335,000 $335,000 $8,841 7.45%
Sayre, PA (FHA|USDA|VA) 1 $335,000 $335,000 $4,834 6.75%
Sevierville, TN (FHA|USDA|VA) 1 $335,000 $335,000 $3,674 6.40%
Findlay, OH (FHA|USDA|VA) 1 $295,000 $295,000 $5,527 6.50%
Wilmington, OH (FHA|USDA|VA) 1 $285,000 $285,000 $3,636 7.30%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 2 $260,000 $130,000 $5,327 7.68%
MUNCIE, IN (FHA|USDA|VA) 3 $255,000 $85,000 $5,066 6.43%
RALEIGH-CARY, NC (FHA|USDA|VA) 1 $225,000 $225,000 $3,634 6.50%
Maysville, KY (FHA|USDA|VA) 1 $205,000 $205,000 $2,142 7.25%
EVANSVILLE, IN-KY (FHA|USDA|VA) 2 $200,000 $100,000 $4,609 6.34%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $195,000 $195,000 $8,989 6.50%
GREEN BAY, WI (FHA|USDA|VA) 1 $165,000 $165,000 $3,200 7.25%
TOLEDO, OH (FHA|USDA|VA) 1 $155,000 $155,000 $3,204 6.73%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 2 $140,000 $70,000 $3,572 7.81%
Sandusky, OH (FHA|USDA|VA) 1 $115,000 $115,000 $5,905 6.73%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $115,000 $115,000 $5,298 7.73%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 1 $85,000 $85,000 $4,964 7.38%
TOPEKA, KS (FHA|USDA|VA) 1 $55,000 $55,000 $3,801 7.73%
Warsaw Federal Savings And Loan Association's top markets include Cincinnati, Baltimore, Dayton, Indianapolis, and Cleveland among others.

Their top states include:
  • Ohio (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Warsaw Federal Savings and Loan Association based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    FIRST FINANCIAL OF MARYLAND
    Similarity Rank: 117
    POINT BREEZE
    Similarity Rank: 160
    First Citizens National Bank
    Similarity Rank: 288
    Minster Bank
    Similarity Rank: 324
    Forcht Bank
    Similarity Rank: 380
    Day Air Credit Union, Inc
    Similarity Rank: 391
    Orion Federal Credit Union
    Similarity Rank: 420

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 336 $94,560,000 $281,429 $4,647 6.71%
    FHA 11 $2,955,000 $268,636 $8,704 6.51%
    VA 2 $860,000 $430,000 $10,427 6.31%

    For 2023, Warsaw Federal Savings And Loan Association's most frequently originated type of loan was Conventional, with 336 originations. Their 2nd most popular type was FHA, with 11 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 323 $93,845,000 $290,542 $4,853 6.68%
    Cash Out Refi 12 $1,850,000 $154,167 $3,835 6.95%
    Other 7 $1,105,000 $157,857 $4,124 7.29%
    Refi 7 $1,575,000 $225,000 $4,990 6.48%

    For 2023, Warsaw Federal Savings And Loan Association's most frequently cited loan purpose was Home Purchase, with 323 originations. The 2nd most popular reason was Cash Out Refi, with 12 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 334 $93,950,000 $281,287 $4,856 6.69%
    15 Year 8 $2,280,000 $285,000 $3,249 6.66%
    10 Year 4 $1,030,000 $257,500 $4,104 6.85%
    20 Year 2 $940,000 $470,000 $4,176 6.94%
    5 Year 1 $175,000 $175,000 $0 7.11%

    For 2023, Warsaw Federal Savings And Loan Association's most frequently cited loan duration was 30 Year, with 334 originations. The 2nd most popular length was 15 Year, with 8 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 177 $56,705,000 $320,367
    $1k-2k 62 $12,210,000 $196,935
    $2k-3k 49 $14,985,000 $305,816
    $3k-4k 29 $5,465,000 $188,448
    $5k+ 18 $5,730,000 $318,333
    $4k-5k 12 $2,420,000 $201,667

    Warsaw Federal Savings And Loan Association's average total fees were $4,856, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 177 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 184 $51,960,000 $282,391
    7-8% 95 $22,815,000 $240,158
    5-6% 58 $21,290,000 $367,069
    Over 8% 11 $1,765,000 $160,455
    4-5% 1 $545,000 $545,000

    During 2023, Warsaw Federal Savings And Loan Association's average interest rate for loans was 6.69%, while their most frequently originated rate bucket for loans was 6-7%, with 184 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 116 $32,670,000 $281,638 $5,019 6.60%
    $100k-200k 109 $16,705,000 $153,257 $4,559 6.78%
    $100,000 or less 53 $4,045,000 $76,321 $3,902 7.07%
    $400k-600k 39 $18,835,000 $482,949 $5,389 6.44%
    $600k-1MM 27 $20,175,000 $747,222 $5,283 6.53%
    $1MM+ 5 $5,945,000 $1,189,000 $7,940 6.05%

    2023 saw Warsaw Federal Savings And Loan Association place emphasis on $200k-400k loans with 116 originations, totaling $32,670,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 100 $27,730,000 $277,300 $4,992 6.66%
    $250k+ 75 $33,775,000 $450,333 $5,366 6.69%
    $100k-150k 72 $16,390,000 $227,639 $5,023 6.75%
    $50k-75k 46 $8,370,000 $181,957 $4,005 6.77%
    $75k-100k 36 $9,020,000 $250,556 $4,383 6.56%
    $50k or less 18 $2,230,000 $123,889 $3,514 6.76%

    Warsaw Federal Savings And Loan Association lent most frequently to those with incomes in the $150k-250k range, with 100 originations. The second most popular income band? $250k+, with 75 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 72 $23,650,000 $328,472 $4,622 6.59%
    30-36% 68 $18,260,000 $268,529 $4,708 6.74%
    <20% 29 $7,025,000 $242,241 $4,553 6.67%
    43% 20 $5,450,000 $272,500 $5,021 6.86%
    42% 19 $5,205,000 $273,947 $4,986 6.38%
    45% 17 $5,095,000 $299,706 $5,515 6.81%
    44% 14 $2,990,000 $213,571 $4,402 6.89%
    38% 13 $2,985,000 $229,615 $4,868 6.86%
    36% 13 $3,185,000 $245,000 $4,695 6.65%
    47% 13 $3,785,000 $291,154 $4,655 6.72%
    41% 11 $3,935,000 $357,727 $4,448 6.67%
    46% 11 $3,155,000 $286,818 $5,525 6.87%
    40% 10 $2,860,000 $286,000 $4,253 6.86%
    39% 10 $2,670,000 $267,000 $5,029 6.58%
    49% 10 $3,210,000 $321,000 $4,402 6.83%
    48% 9 $1,715,000 $190,556 $5,914 6.22%
    37% 7 $1,765,000 $252,143 $4,811 7.09%
    50-60% 1 $575,000 $575,000 $14,806 6.00%

    Warsaw Federal Savings And Loan Association lent most frequently to those with DTI ratios of 20-30%, with 72 originations. The next most common DTI ratio? 30-36%, with 68 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 239 $68,355,000 $286,004 $4,629 6.66%
    Not provided 51 $12,205,000 $239,314 $5,288 6.74%
    Asian 30 $8,860,000 $295,333 $5,634 6.78%
    Asian Indian 6 $3,590,000 $598,333 $4,814 5.77%
    Black 13 $2,055,000 $158,077 $3,836 7.16%
    Not applicable 2 $860,000 $430,000 $0 7.22%
    Other Asian 2 $760,000 $380,000 $6,203 6.15%
    American Indian 1 $755,000 $755,000 $4,293 7.60%
    Filipino 3 $525,000 $175,000 $5,051 7.37%
    Vietnamese 1 $255,000 $255,000 $8,966 6.35%
    Chinese 1 $155,000 $155,000 $3,881 6.50%

    Approval Rates

    Total approvals of all applications
    97.11%

    Warsaw Federal Savings And Loan Association has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    75.93%

    Warsaw Federal Savings And Loan Association has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 349 $98,375,000 $281,877

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    349 $98,375,000 $281,877

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 3 $785,000 $261,667 $3,558 6.02%
    40-60% 18 $4,240,000 $235,556 $4,010 6.65%
    60-80% 166 $34,880,000 $210,120 $4,960 6.78%
    80-100% 160 $57,850,000 $361,563 $4,709 6.63%
    Over 100% 1 $575,000 $575,000 $14,806 6.00%
    Under 20% 1 $45,000 $45,000 $3,155 6.83%